Marblehead Food Pantry Inc

Analysis

Marblehead Food Pantry Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Marblehead Food Pantry Inc reported income of $188k and spending of $112k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $186k to $188k (+0.6%), an average of +0.6% a year. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marblehead Food Pantry Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Only Hope WNC ($188k), Beneficial Rep Payee Services Inc ($188k) and Putney Foodshelf Incorporated ($188k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.